tax question..
tax question.. hey guys
me and a buddy of mine are trading cars. both paid off, titles in hand. now my mom says that we're going to have to pay taxes on the values of the vehicles, is this true, or do we just pay the normal $35 fee at the dmv when we switch the names over on the titles..
any help would be GREATLY appreciated
thanks,
Nathan
me and a buddy of mine are trading cars. both paid off, titles in hand. now my mom says that we're going to have to pay taxes on the values of the vehicles, is this true, or do we just pay the normal $35 fee at the dmv when we switch the names over on the titles..
any help would be GREATLY appreciated
thanks,
Nathan
Hey bro there is a place that ask "amount paid" or sumthing like that or maybe they will ask you just said u paid 500 or a grand and if they ask tell em its stripped and u just bought the body i my personel fav " my neighbor sold it to me CHEAP so his wife doesnt get it in the devorce" that **** happens all the time its not like they are going to go check
On The Tree
Joined: Feb 2004
Posts: 143
Likes: 0
From: Texas
Originally Posted by 98silverz28
hey guys
me and a buddy of mine are trading cars. both paid off, titles in hand. now my mom says that we're going to have to pay taxes on the values of the vehicles, is this true, or do we just pay the normal $35 fee at the dmv when we switch the names over on the titles..
any help would be GREATLY appreciated
thanks,
Nathan
me and a buddy of mine are trading cars. both paid off, titles in hand. now my mom says that we're going to have to pay taxes on the values of the vehicles, is this true, or do we just pay the normal $35 fee at the dmv when we switch the names over on the titles..
any help would be GREATLY appreciated
thanks,
Nathan
Y'all need to fill out the 130-U form "Application for Texas Certificate of Title". Here's the link:
http://www.dot.state.tx.us/vtr/vtrreginfo.htm?pg=form1
http://www.dot.state.tx.us/vtr/vtrreginfo.htm?pg=form1
